It’s a Matter of Balance

If the Consumer Price Index twitches upward, the Fed moves aggressively to quash inflationary pressure. If the supply of oil is threatened by unrest in the Middle East, Military and Diplomatic forces are marshaled to maintain the flow. If Retail sales miss expectations, interest rates are adjusted and credit relaxed to maintain consumer spending levels.

In contrast, Middle Class Income falls for decades, while wealth accumulates in the hands of a few wealthy elite, nothing is done to correct this distortion. It is, in fact, seen as an increase in productivity, with no downside consequence. Well, the downside is making its presence felt.

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About jackdetate

Married, 2 children, retired, enjoying unstructured time: "And then he drank a dew From a convenient grass, And then hopped sidewise to the wall To let a beetle pass." ~ Emily Dickinson
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